You may have noticed temperatures starting to dip slightly as we head into the last few weeks of summer — and, as evidenced by the July jobs report released this morning, the U.S. economy appears to have cooled off a bit too. As you may know, following each month’s jobs report, we read dozens of news reports, scour the Web, and break what we find down to three key talking points you can use. Whether you’re taking a break at the office water cooler or conversing with peers in the industry, you’ll have three conversation starters in your pocket. HERE’S THE NEWS YOU CAN USE FROM TODAY’S RELEASE:
- A summer cool down. The U.S economy added 209,000 jobs in July, quite a bit less than the 230,000 that economists were expecting. Meanwhile the unemployment rate ticked up slightly to 6.2 percent from 6.1 percent the previous month. “Not too hot, not too cold,” as some are calling today’s reactions to the report.
- Silver lining, maybe? For one thing, June’s jobs report numbers were revised up from 288,000, which was previously reported, to 298,000. And May’s numbers were revised up from 224,000 to 229,000. Also, if you were keeping count, this happened to be the sixth straight month that the economy has added at least 200,000 jobs. The last time that happened was back in 1997.
- These industries are powering forward. Professional and business services are leading the way in terms of job creation, with an addition of 47,000 jobs in July. Manufacturing came in second with 28,000 jobs created, while retail wasn’t too far behind with 27,000 jobs.
In case you’re looking for handy, easily digestible charts from the just-released jobs report, Quartz has some with highlights.
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